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Republicans Urge Action on Economy Amid Fuel Price Fears

4/21/2026

Summary

Story summary

U.S. President Donald Trump faces growing Republican concern over his economic handling as Iran's closure of the Strait of Hormuz threatens fuel prices ahead of the elections.
Senators urged leaders to broaden budget resolution to address cost-of-living issues.
Senate Majority Leader Thune acknowledged the need for focus on economic concerns.
Some Republicans proposed suspending the federal gas tax.
Thune cautioned against tax proposals that could complicate the reconciliation bill.

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Story summary

U.S. President Donald Trump faces growing Republican concern over his economic handling as Iran's closure of the Strait of Hormuz threatens fuel prices ahead of the elections.
Senators urged leaders to broaden budget resolution to address cost-of-living issues.
Senate Majority Leader Thune acknowledged the need for focus on economic concerns.
Some Republicans proposed suspending the federal gas tax.
Thune cautioned against tax proposals that could complicate the reconciliation bill.